It is believed that year-end disbursements are in fundamental relationship of stock returns to bond yields, and the improved technical
in mid-December through to earl January, position warrants the traditional lil Foreign liquidation has been nil, being offset by buying from the Far East and countries where no restrictions on investment buying persist, while tax-loss selling is under normal.
Chrysler is reflecting a big output Douglas Aircraft may get a new French order; and, Westinghouse ruled strong on the best monthly net profit over two years, Should a few others like these get going, traders are bound to take heart, Commodity futures at the highest levels of 1939 anticipate a protracted war, removing the threat of inventory losses and should be watched to see if they stimulate forward buying.
Sensitive paperboard and textile industries are picking up again,
Text read from the printed page and cleaned; old type leaves the occasional error.